G7

Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, U.S. Treasury Deputy Secretary Wally Adeyemo said on Friday.

Japanese Prime Minister Fumio Kishida said Saturday he told Western powers that East Asia could be the next Ukraine, as he urged a united front on a rising China and bellicose North Korea.

India buying oil from Russia amid the war in Ukraine is "perfectly fine" as G7 nations and their allies have agreed on a price cap on Russian oil, the International Monetary Fund's (IMF) First Deputy Managing Director Gita Gopinath told NDTV.

Ukrainian President Volodymyr Zelenskiy urged the Group of Seven nations to help his government obtain an additional two billion cubic metres of natural gas and to supply it with modern tanks, artillery units and shells as well as long-range weapons.

The leaders of the G7 club of wealthy nations will hold an online meeting on Monday ahead of a planned summit in Paris on the reconstruction of Ukraine, the German chancellery said.

Russia has said that it welcomes India's decision to not support the price cap on Russian oil announced by the G7 and their allies.

Russia on Saturday rejected a $60 price cap on its oil agreed by the EU, G7 and Australia, which Ukraine said would contribute to the destruction of Russia's economy.

Russia said on Saturday it would continue to find buyers for its oil, despite what it said was a "dangerous" attempt by Western governments to introduce a price cap on its oil exports.

The G7 group of wealthy democracies and Australia on Friday officially agreed to cap the price of Russian oil at $60 a barrel in line with the EU, as they seek to deny the Kremlin resources for its Ukraine war.

The European Union will join the G7 powers in imposing a $60-per-barrel price cap on Russian oil, the Polish ambassador to the bloc said Friday, three days ahead of an EU embargo on imports by sea.

The Group of Seven (G7) nations' proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues.

The G7 nations on Sunday slammed North Korea's "reckless" launch of another intercontinental ballistic missile and called on the UN Security Council to take further "significant" action to halt the tests.

Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap mechanism, according to sources.

The G7 wants Russia to prolong a deal allowing safe passage of grain shipments from Ukraine, a senior US State Department official said on Friday at talks in Germany.

U.S. officials and G7 countries have been in intense negotiations in recent weeks over the unprecedented plan to put a price cap on sea-borne oil shipments, which is scheduled to take effect on Dec. 5

Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, U.S. Treasury Deputy Secretary Wally Adeyemo said on Friday.

Japanese Prime Minister Fumio Kishida said Saturday he told Western powers that East Asia could be the next Ukraine, as he urged a united front on a rising China and bellicose North Korea.

India buying oil from Russia amid the war in Ukraine is "perfectly fine" as G7 nations and their allies have agreed on a price cap on Russian oil, the International Monetary Fund's (IMF) First Deputy Managing Director Gita Gopinath told NDTV.

Ukrainian President Volodymyr Zelenskiy urged the Group of Seven nations to help his government obtain an additional two billion cubic metres of natural gas and to supply it with modern tanks, artillery units and shells as well as long-range weapons.

The leaders of the G7 club of wealthy nations will hold an online meeting on Monday ahead of a planned summit in Paris on the reconstruction of Ukraine, the German chancellery said.

Russia has said that it welcomes India's decision to not support the price cap on Russian oil announced by the G7 and their allies.

Russia on Saturday rejected a $60 price cap on its oil agreed by the EU, G7 and Australia, which Ukraine said would contribute to the destruction of Russia's economy.

Russia said on Saturday it would continue to find buyers for its oil, despite what it said was a "dangerous" attempt by Western governments to introduce a price cap on its oil exports.

The G7 group of wealthy democracies and Australia on Friday officially agreed to cap the price of Russian oil at $60 a barrel in line with the EU, as they seek to deny the Kremlin resources for its Ukraine war.

The European Union will join the G7 powers in imposing a $60-per-barrel price cap on Russian oil, the Polish ambassador to the bloc said Friday, three days ahead of an EU embargo on imports by sea.

The Group of Seven (G7) nations' proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues.

The G7 nations on Sunday slammed North Korea's "reckless" launch of another intercontinental ballistic missile and called on the UN Security Council to take further "significant" action to halt the tests.

Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap mechanism, according to sources.

The G7 wants Russia to prolong a deal allowing safe passage of grain shipments from Ukraine, a senior US State Department official said on Friday at talks in Germany.

U.S. officials and G7 countries have been in intense negotiations in recent weeks over the unprecedented plan to put a price cap on sea-borne oil shipments, which is scheduled to take effect on Dec. 5